Banks’ deposits fall over Rs500bn in July

MG News | August 16, 2024 at 03:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 16, 2024 (MLN): The total deposits held by scheduled banks have decreased by Rs518 billion or 1.7% to Rs30.6 trillion in July 2024 compared to last month, data released by the SBP showed.

On a yearly basis, deposits have moved up by 19.1% compared to Rs25.7tr in July 2023.

Total advances decreased by 0.22% to Rs11.87tr compared to Rs11.9tr from a year ago. On a monthly basis, advances decreased by 4.53% from their value of Rs12.43tr in June 2024.

Advances to Deposit Ratio (ADR) stood at 38.79% showing a decrease of 750 bps on a yearly basis, and a decrease of 116 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs30.43tr compared to Rs21.47tr from a year ago and Rs30.17tr from a month ago, showing a YoY increase of 41.75% and a MoM increase of 0.86%.

Investment to Deposit Ratio (IDR) moved up by 1,591 bps to 99.44% compared to July 2023 and increased by 249 bps when compared to a month ago.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,844.25 170.38M	-0.40% -670.20
ALLSHR	101,190.46 479.24M	-0.24% -244.65
KSE30	50,308.01 73.54M	-0.54% -271.17
KMI30	241,041.17 72.56M	-0.54% -1308.61
KMIALLSHR	65,768.91 266.90M	-0.34% -227.18
BKTi	45,905.17 27.93M	-0.59% -271.56
OGTi	35,557.92 7.24M	-0.32% -112.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,915.00	77,940.00 75,590.00	-1780.00 -2.29%
BRENT CRUDE	104.25	106.36 101.34	1.67 1.63%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-9.00 -7.56%
ROTTERDAM COAL MONTHLY	113.00	0.00 0.00	0.45 0.40%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	97.00	99.43 94.73	0.65 0.67%
SUGAR #11 WORLD	14.68	14.91 14.59	-0.22 -1.48%